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PVC prices rushed back down and the overall transaction volume of the spot market was weak
Time of Update: 2022-12-25
25 days, the main PVC closed at 6474 yuan / ton (+0.
25 days, the main PVC closed at 6474 yuan / ton (+0.
25 days, the main PVC closed at 6474 yuan / ton (+0.
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Macro pressure demand weakens above Shanghai aluminum or continues to come under pressure
Time of Update: 2022-12-25
Shanghai aluminumOn the macro front, the US ISM manufacturing PMI in June was 53, the lowest since June 2020, less than the previous reading and expectations, JPMorgan economists cut the US mid-year economic growth forecast, and the recession haze remains.
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August 23 aluminum market afternoon comment
Time of Update: 2022-12-25
Aluminum CityCrude oil rose on Friday, and Lun aluminum bottomed out to close in the negative, opening slightly higher at $2395 today.
Aluminum CityCrude oil rose on Friday, and Lun aluminum bottomed out to close in the negative, opening slightly higher at $2395 today.
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The off-season of downstream consumption is approaching Shanghai aluminum may have the possibility of rebound
Time of Update: 2022-12-25
Today's London aluminum fluctuated in a narrow range, and the LME was reported at $2403 / ton at 15:01 Beijing time for three months, up $3, or 0.
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Downstream consumption is still not ideal, and Shanghai copper is running at a low level during the day
Time of Update: 2022-12-25
Shanghai copperDuring the Asian session, London copper fluctuated violently, and the latest quotation at 15:01 Beijing time was 9449 US dollars / ton, up 10 US dollars, or 0.
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Demand is still weak Shanghai copper shows a bottom-bound trend
Time of Update: 2022-12-25
Shanghai copperOn the macro front, the US non-farm payrolls data for June exceeded expectations, indicating a strong labor market, offsetting some recession fears and prompting the Fed to accelerate the pace of monetary tightening.
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May 24 Shanghai aluminum brief comment
Time of Update: 2022-12-25
Shanghai aluminumAt the macro level, the tone of domestic and foreign policies has clearly forked, and domestic easing policies have boosted sentiment in the short term, but it will take time for the recovery of the real economy and the reconstruction of market confidence, while the world is facing the problem of slowing economic growth, and the overall nonferrous sector has been under pressure for a long time.
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July 7 London Copper Afternoon Review
Time of Update: 2022-12-25
London copperOil prices continued to weaken, continuing to be hit by the surge in the dollar, and as recession fears, as well as months of shrinking liquidity, all weakened the market's idea of oil as a hedge against inflation, overnight London copper rebounded to close in the negative, the latest closing quotation of 7596 US dollars / ton, closed down 29 US dollars, down 0.
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Fundamentals have not changed much, PVC lacks upward drive
Time of Update: 2022-12-25
27, the main PVC closed at 6565 yuan / ton (+0.
27, the main PVC closed at 6565 yuan / ton (+0.
27, the main PVC closed at 6565 yuan / ton (+0.
27, the main PVC closed at 6565 yuan / ton (+0.
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Shanghai aluminum afternoon review on September 15
Time of Update: 2022-12-25
Shanghai aluminumThe accumulation of stocks in the domestic festival is not large, and the inventory performance is still acceptable; Yunnan implemented a 10% production pressure, and the market weakened expectations for continued production cuts due to Yunnan's recent precipitation; The price fell back to around 18500, the domestic spot discount narrowed slightly, and the transaction was active, but the overall performance of the Fed's interest rate meeting next week was still dominated by long exits.
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PVC futures prices fell back and the downside space is relatively limited
Time of Update: 2022-12-25
US inflation data for August was stronger than market expectations, and market volatility intensified; PVC starts are rising, the epidemic and power cuts are gradually lifted; PVC domestic demand improved slightly, but the strength was limited; The spot market transaction is weak, and the downstream procurement price is resistant.
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June 27 Copper Market Morning Review
Time of Update: 2022-12-25
Copper CityLast week, Powell signaled to the market that the Fed will continue to raise interest rates aggressively, and Powell's congressional hearing will not turn as long as inflation does not decrease rapidly; And Thursday's U.
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The spot market performance is stable, and the short-term Shanghai aluminum shock is weak
Time of Update: 2022-12-25
Shanghai aluminumDutch aluminium mill Aldel halted Delfzijl's 110,000 tonnes of primary aluminum production in October last year due to high energy prices and a lack of government support, halting remaining production, but continuing to produce 50,000 tonnes of recycled aluminum.
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Shanghai aluminum has recently rebounded, but it is difficult to become a trend and the magnitude is limited
Time of Update: 2022-12-25
From the perspective of aluminum price trends, it is currently mainly affected by macro news, and it is expected that short-term Shanghai aluminum will still be strongly supported.
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Aluminum fell back and the market trading atmosphere was light
Time of Update: 2022-12-25
Today, Lun aluminum rose in a narrow range, and the LME was reported at 2891 US dollars / ton at 15:01 Beijing time for three months, up 23 US dollars, or 0.
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Shanghai copper opens low to the downside, and the market is more risk-aversion
Time of Update: 2022-12-25
Shanghai copperAt the macro level, trading around the expectation of a global recession continues, copper prices fell sharply and fell below the theoretical valuation level, copper traded a 75BP rate hike in July, but oil prices retreated, the United States was under pressure, and the Fed was still likely to complete the 3.
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Bottom support strengthens Copper prices show a weak shock rebound pattern
Time of Update: 2022-12-25
In terms of the market, spot copper rose by 520 yuan last week, downstream market entry increased, and demand maintained a recovery rhythm in the late epidemic; Inventories around Shanghai are low, tight supply supports holders to maintain a rising water pattern, and the current forward contract is inverted, and short-term high premiums will continue.
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Aluminum prices have limited upside and there is no strong support from fundamentals
Time of Update: 2022-12-25
Aluminum pricesOverseas, the European energy crisis is still relatively serious, Nord Stream 1 began maintenance, the ventilation may be reduced after the later restart, the European natural gas crisis still exists, and energy prices remain high, which has an impact on both overseas supply and demand.
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June 16 aluminum market afternoon comment
Time of Update: 2022-12-25
Domestic supply side steadily rising, downstream demand weak rebound, yesterday announced real estate completion data continued to fall month-on-month, aluminum short-term profit exhaustion, spot premium strengthened, it is expected that with the introduction of relevant consumption favorable policies, and downstream replenishment demand is strong, aluminum prices below 20,000 after a short recovery may occur, but the price is still not optimistic.
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The center of gravity of Shanghai aluminum also continues to move upward, and it is not advisable to be overly optimistic
Time of Update: 2022-12-25
This Monday coincides with the Mid-Autumn Festival holiday holiday, Tuesday normal operation, energy crisis topic hype is still continuing, Shanghai aluminum rally is still expected to continue, next